NatWest Group (LON:NWG) Hits New 12-Month High on Analyst Upgrade

NatWest Group plc (LON:NWG) hit a new 52-week high during mid-day trading on Tuesday after Citigroup raised their price target on the stock from GBX 690 to GBX 765. Citigroup currently has a buy rating on the stock. NatWest Group traded as high as GBX 641.21 and last traded at GBX 638.43, with a volume of 12139813 shares trading hands. The stock had previously closed at GBX 631.80.

Other research analysts also recently issued research reports about the stock. Shore Capital upped their target price on shares of NatWest Group from GBX 500 to GBX 550 and gave the stock a “hold” rating in a research note on Tuesday, October 28th. Jefferies Financial Group boosted their price objective on shares of NatWest Group from GBX 615 to GBX 630 and gave the stock a “buy” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. upped their price objective on NatWest Group from GBX 610 to GBX 700 and gave the company an “overweight” rating in a research report on Tuesday, September 9th. Finally, Royal Bank Of Canada increased their target price on NatWest Group from GBX 650 to GBX 725 and gave the company a “sector perform” rating in a research note on Tuesday, October 28th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 666.67.

Insider Activity

In other news, insider Geeta Gopalan purchased 592 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were purchased at an average cost of GBX 525 per share, for a total transaction of £3,108. Also, insider Stuart Lewis acquired 607 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was purchased at an average cost of GBX 525 per share, with a total value of £3,186.75. Over the last three months, insiders purchased 6,541 shares of company stock worth $3,439,815. Insiders own 0.19% of the company’s stock.

NatWest Group Stock Down 2.8%

The company has a fifty day simple moving average of GBX 573.40 and a 200-day simple moving average of GBX 537.58. The firm has a market cap of £49.85 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG) last posted its quarterly earnings data on Friday, October 24th. The company reported GBX 19.80 EPS for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. As a group, research analysts forecast that NatWest Group plc will post 45.9724712 EPS for the current year.

About NatWest Group

We’re a UK-focussed bank serving over 20 million customers, with businesses across retail, commercial and private banking markets.

With a brand history stretching back nearly 300 years, we have our roots in the communities we serve across every nation and region of the UK. Our brands include NatWest, Royal Bank of Scotland, Ulster Bank and Coutts.